Energy

Nigeria’s daily petrol consumption surged to a record 63.7 million litres in December 2025, driving total…

Nigeria imported approximately 1.31 billion litres of petrol in December 2025, even as local refining capacity…

Nigeria’s crude oil trade with China is expected to expand following a sharp decline in Venezuela’s oil exports to…

Dangote Refinery has hit a major milestone, producing 50 million litres of Premium Motor Spirit (PMS) daily,…

Nigeria’s upstream oil sector is set for a major shake-up as the Nigerian Upstream Petroleum Regulatory Commission…

Heirs Energies Limited, the energy investment firm chaired by business mogul Tony Elumelu, has finalized a major…

The Dangote Petroleum Refinery has officially launched 24-hour petrol loading operations, marking a significant…

Nigeria could be heading for another round of fuel price increases as global crude oil prices climbed above $66 per…

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has confirmed that its members now…

The Federal Government of Nigeria has moved to tighten regulatory control over the downstream petroleum sector by…

President Bola Tinubu has announced that Nigeria is set to mobilize between $2.5 billion and $3 billion annually…

Global oil prices settled at their highest levels in seven weeks on Monday as investors grew increasingly concerned…

Seplat Energy has started 2026 on a high note, with its shares gaining 6.2% year-to-date within the first trading…

Nigeria’s foreign exchange earnings are facing increasing pressure as the global energy landscape becomes sharply…

Global commodities giants Vitol and Trafigura have begun discussions with refiners in India and China to sell…

The ongoing petrol price war in Nigeria has taken a sharper turn, with several retail outlets now selling Premium…

Nigeria’s petrol market is witnessing a major shift as Dangote Refinery and Petrochemical now reportedly meet…

Nigeria’s top oil regulators have renewed their commitment to strengthen collaboration, aiming to drive investment…

Petroleum products retailers are urging the Federal Government and industry regulators to strengthen the…

Nigeria’s oil and gas industry ended 2025 with a mixed performance, showing gains in upstream activity and gas…

Global oil prices climbed on Thursday, snapping a two-day losing streak as investors shifted focus to…

The Central Bank of Nigeria (CBN) has projected that petrol pump prices will hover around N950 per litre in 2026,…

The fuel supply agreement between the Dangote Petroleum Refinery and 20 major petroleum marketers has collapsed…

Nigeria’s power generation companies (GenCos) recorded a sharp drop of ₦80.56bn in invoices in the third quarter of…

The Organisation of Petroleum Exporting Countries and its allies, collectively known as OPEC+, has decided to keep…

Global oil prices slipped on Wednesday as markets reacted to signals of a potential supply surge after US President…

Nigeria’s electricity distribution companies recorded a surprising 22% jump in revenues, collecting a total of…

The Dangote Petroleum Refinery has refuted recent reports suggesting it is shutting down for maintenance, assuring…

Nigeria’s electricity subsidy reached nearly N2 trillion in the 12 months between October 2024 and September 2025,…

Seplat Energy Plc has confirmed the complete exit of its founding shareholder, Etablissements Maurel & Prom…